Where’s the Diversity in Fortune 500 CEOs?
Q: I was looking for a list of “minority” CEOs. Who are the Black, Latino, Asian and women CEOs on The DiversityInc Top 50 Companies for Diversity?
A: There’s a dearth of Black, Latino, Asian and women CEOs running major companies—but the DiversityInc Top 50 companies have better stats:
- Eighteen percent of the DiversityInc Top 50 senior level are Black, Latino or Asian (up 33 percent from five years ago), which is 80 percent more than the Fortune 500.
- Twenty-four percent of the DiversityInc Top 50 senior level are women (up 9 percent from five years ago), which is 20 percent more than the Fortune 500.
There are six Black CEOs of Fortune 500 companies, accounting for 1.2 percent of all Fortune 500 CEOs: Merck & Co. and TIAA-CREF are Nos. 12 and 41, respectively, in The 2013 DiversityInc Top 50 Companies for Diversity. CEOs in the DiversityInc Top 50 total 6 percent Black.
- Kenneth C. Frazier, Merck & Co.
- Roger W. Ferguson Jr., TIAA-CREF
- Kenneth I. Chenault, American Express
- Don Thompson, McDonald’s
- Ursula M. Burns, Xerox Corporation
- Clarence Otis Jr., Darden Restaurants, Inc.
There are eight Asian CEOs of Fortune 500 companies, accounting for 1.6 percent of all Fortune 500 CEOs. Medtronic is No. 17 and MasterCard is No. 5 in the DiversityInc Top 50. CEOs in the DiversityInc Top 50 are 6 percent Asian.
- Indra K. Nooyi, PepsiCo
- Richard Hamada, Avnet
- Omar Ishrak, Medtronic
- Laura J. Sen, BJ’s Wholesale Club
- Kevin M. Murai, Synnex
- Ravi Saligram, OfficeMax
- Ajay Banga, MasterCard Worldwide
- Sanjay Mehrotra, SanDisk
There are six Latino CEOs of Fortune 500 companies, accounting for 1.2 percent of all Fortune 500 CEOs; CEOs in the DiversityInc Top 50 are 4 percent Latino.
- Antonio Perez, Eastman Kodak Co.
- George Paz, Express Scripts
- Josue Robles, United Services Automobile Association (USAA)
- Paul Raines, GameStop
- Robert E. Sanchez, Ryder System
- Joseph Molina, Molina Healthcare
There are 21 women CEOs of Fortune 500 companies, accounting for 4.2 percent of all Fortune 500 CEOs; IBM and Kraft Foods are DiversityInc Top 50 companies (Nos. 24 and 18, respectively).
- Meg Whitman, HP
- Virginia Rometty, IBM
- Patricia A. Woertz, Archer Daniels Midland
- Indra K. Nooyi, PepsiCo
- Irene B. Rosenfeld, Mondelez International (formerly Kraft Foods)
- Marillyn A. Hewson, Lockheed Martin
- Ellen J. Kullman, DuPont
- Phebe Novakovic, General Dynamics
- Carol Meyrowitz, TJX
- Ursula M. Burns, Xerox
- Sheri S. McCoy, Avon
- Deanna M. Mulligan, Guardian Life Insurance
- Debra L. Reed, Sempra Energy
- Denise M. Morrison, Campbell Soup
- Ilene S. Gordon, Corn Products International
- Heather Bresch, Mylan
- Kathleen M. Mazzarella, Graybar Electric
- Mary Agnes (Maggie) Wilderotter, Frontier Communications
- Gracia C. Martore, Gannett
- Marissa Mayer, Yahoo!
- Beth E. Mooney, KeyCorp
You can access all our lists, such as DiversityInc’s Top 10 Companies for Blacks, at www.DiversityInc.com/top50.
11:58 am
Are there no Native American CEO’s in any of the Fortune 500 companies?
12:07 pm
Next up should be the number of CEOs who have a disability.
12:18 pm
I noticed you did not include Native Americans. In may ways, we are the hidden minority that is not spoken about.
12:31 pm
Where are the Native American CEO’s?
12:48 pm
It would be nice to see other groups, including Native Americans, people with disabilities, GLBT indivdiuals, and veterans included.
1:19 pm
In a country started 235 years ago by white, Christian men – this may be extraodinary progress – I don’t know. I would like to see the demographics break down for other countries, like Japan, China, Russia or Pakistan. I struggle to understand why so many are still interested in this measuring stick. It suggests that people of different backgrounds can’t make it to the top without this type of help. Isn’t that a little insulting!
11:10 am
Anonymous started with “In a country built by white, christian men….why are we still using a measuring stick….why not evaluate countries like Japan using same measures”.
My response: American was managed by white “Christians”, but was built by BLACK slaves. The White House was built by BLACK slaves, railroads, streets, etc. Our economic system began on the backs of BLACK slaves. So, until Japan, China, India, and all of the other countries start enslaving people and using them for the sole purpose of profit, we can not compare them to the USA. America is a shared continent, I am unsure why “white Christians” can not understand that. The country was “discovered” and eradicated of it’s inhabitants and new life was brought over to build the nation. So in all, there should be more minorities in level C-management positions. If not for these minorities, this country would not be as successful as it is today.
Please do research prior to posting these ridiculous rants on how America is similar to other countries because we are not. We are the last nation to have used slavery for profit and to build a nation and that makes a mark on the world.
2:24 pm
Are there any Fortune 500 COmpanies that have out GLBT CEOs and leaders?
11:32 pm
Interesting facts and analysis. Has anyone looked at the diversity on the boards of Fortune 500 companies? Wouldn’t that picture be interesting? Would there be merit in devising a “composite diversity index” for the board representation of Fortune 500 companies and study if there is any co-relation between a firm’s “diversity index” of its Board of Directors the Fortune 500 ranking?
6:38 am
It is an encouraging attempt for the minority on US to keep track of the most succesfulls.
7:35 pm
Thanks for the data. One important aspect of diversity which is often overlooked is class. It would be interesting to see how many CEO’s came from poor or working class backgrounds. This would reflect on the isssue of upward class mobility. While the US has more upward class mobility than many countries it still a serious problem. Achieving the American dream often has more to do with the claas you were born into than what you do with your life. Class connections are the rungs on the ladder for upward mobility for many people at the top of the business community. If you don’t have access to that ladder its much more difficult to get ahead. Who you know still dominates what you know.
10:38 pm
Thanks, Luke for this breakdown. And that is what we are about – tracking the progression of diversity growth as we recognize the business and social imperative of the movement. It’s just unfortunate that in 2012, we are still needing to track minority firsts, female only’s and Native American absences – especially as they are the First Nation Americans. But progress is being made, and I have every faith that we will eradicate the need for such monitors – someday.
10:27 pm
Great information. I’m curious to see what the numbers by race look like for executives that report to CEO’s and Middle – Upper Management (Director, Sr. Director etc.) Can you provide those statistics
10:29 pm
What happened to Coca-Cola?? Big drop in ranking when compared the previous years